The unemployment rate in Malta rose to 4.4 percent in the second quarter of 2020 from 3.6 percent in the corresponding month of the previous year. It was the highest jobless rate since the first quarter of 2017, as the coronavirus pandemic hit the labour market. The number of unemployed increased by 2,764 to 12,031 and employed went up by 7,017 to 259,523. Meantime, the activity rate advanced to 76.4 percent from 75.5 percent in Q2 2019 and the employment rate rose to 73 percent from 72.8 percent. source: National Statistics Office, Malta
Unemployment Rate in Malta averaged 6.02 percent from 2001 until 2020, reaching an all time high of 8.24 percent in the third quarter of 2003 and a record low of 3.20 percent in the fourth quarter of 2019. This page provides the latest reported value for - Malta Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malta Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Unemployment Rate in Malta is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Malta to stand at 7.20 in 12 months time. In the long-term, the Malta Unemployment Rate is projected to trend around 6.10 percent in 2021 and 4.50 percent in 2022, according to our econometric models.